Online sports betting is fast becoming one of the biggest industries online and it is not hard to see why. Betting online is quick, easy and offers a whole lot more markets than traditional high street betting shops. Long ago in 1996, in the event the internet was just an infant, there was only 30 or so sites that allowed users to place bets on anything from blackjack to soccer. Even in its infancy then the gambling industry was raking in a huge $17million from online revenue. By the turn of the Millennium this had risen exponentially to around $3billion and by 2003 this had doubled to more than $6billion in just the us.

Whenever you look-at the yearly turnover of worldwide online betting it can be absolutely astonishing amount. In line with the gambling board of Great Britain the worldwide turnover in 2001 for all gambling was Ł638billion with Ł21billion of this being wagered online. Online sports betting got a Ł9billion slice of this.

With huge amounts of money to be made, it is no wonder that all the major bookers quickly flocked to the internet to get in on the action. And additionally the well-known brands, specialist sites began to spring up everywhere. These sites had no real world presence and were designed purely to capture the growing number of punters looking to place there bets with a click through the next page of a mouse. Today there is in excess of 50,000 sites all looking take your bets. It’s hardly surprising there are actually a lot of sites as the online Gambling Research and Markets Group predicts that by 2015, the turnover within the online betting world will reach at least $125billion.

Consequently, with the numbers rising ever higher it really is clear betting online becomes a lot more popular everyday. For the majority of people, placing bets online makes their sport more exciting and they may even earn the odd bit of cash with the correct technique. But it appears if you want to make the big bucks, you are going to have to be a bookmaker.